USDJPY tests the support again – Analysis - 05-10-2018
Economies.com
2018-10-05 04:26AM UTC
The USDJPY pair returned to test the bullish channel’s support line and keeps its stability above it until now, noticing that stochastic provides positive overlapping signal now, while the EMA50 supports the price from below.
Therefore, we will keep our bullish overview in the upcoming period unless breaking 113.80 level and holding below it, noting that our targets begin at 114.80 and extend to 115.50.
Expected trading range for today is between 113.30 support and 114.80 resistance
Expected trend for today: Bullish
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